MyECheck, Inc. (fka MYEC)

[MODiFiEDZ]

Recurring Payments:
There are a great number of companies that need to process recurring and semi-recurring payments. The basic solution is a batch process that generates a host of e-Checks drawn on the end user accounts and deposits them to the vendors’ bank account.
The end-use bank data is provided to MyEcheck from the vendor/merchant via a standardized file upload or via a vendor/merchant direct web data entry method (API type link between MyEcheck and vendor/merchant web site). Each time a vendor/merchant billing needs to occur, the vendor/merchant will upload the standardized e-Check file and provide a date for processing. This process is via the secure MyEcheck website.